Nano and Nexty: Are these real and practical alternatives to money? Let’s find out!
Blockchain is no longer a hip maniac! Bitcoin has revolutionized the way many of us have seen currencies, diaries, funds transfers and transactions. The beauty of all virtual currencies is that almost every one of them is trying to solve a problem. And here is our interesting coin – Nexty. During the recording, the similarity of the Nexty platform will be compared to the Nano – XRB to get a better understanding of this platform.
In very simple words, the Nexty platform is presented as a transaction system that will eliminate the concept of transaction fee, while providing ultra-fast transfers to facilitate its users. Apart from that, transfers are extremely fast, as transactions do not require miners to perform confirmation, as in the case of other virtual currencies such as Bitcoin, etc.
According to a white paper published by the creators of Nexty, the main use of Nexty is for start-up e-commerce businesses to help generate public funding. Since there is no transaction, ultra fast transfer (2 seconds! And it’s almost real time) and a confirmation fee, fundraising will become less of a hassle. The coin is surgically targeted at e-commerce stores, as this will cultivate an ecosystem where these stores will accept NTY coins from buyers.
The concept behind NTY makes everyday online transactions a seamless experience. The team behind NTY consists of Blockchain developers and established retailers. Some team members have ten to 12 years of experience in the full development and marketing of the stack.
Some of you may argue that the Nano – formerly known as Railblocks, XRB – already performs the same functions as NTY. The XRB coin is a bit unique because it uses its own block grid data structures. Therefore, each Nano account has its own blockchain, which reduces the latency for fast transfer. Apart from that, XRB is energy efficient and does not need a high quality GPU system to execute transactions. However, the Nano does not come with the option of a smart contract. Smart contracts are designed to exchange triggers for each cryptocurrency. These contracts assist in the exchange of funds, real estate, shares or any tangible or intangible entities of financial value. Smart contracts also push out the need for brokers, while carrying our crypto to exchange assets flawlessly. Apart from this one difference, NTV and XRB (Nano) are more or less the same. Another key capability of the Nexty platform is its integration into existing e-commerce applications such as Joomla. According to NTY developers, integration takes 3-4 hours max.
To balance the supply and demand of NTY, the platform is offered with a built-in smart betting program. This program offers bonuses and credits for buying, selling and retaining Nexty. The system is designed for investors and everyday users at the same time.
The capabilities of the Nexty and Nano platforms are huge. Just imagine a world where crypto replaces conventional wallets and transactions are fast! For example, if a security guard accepts BitCoin, he may not hand over the goods and service to you until the transaction has been confirmed by a number of minors. And now imagine again paying for goods and services in a currency that is quickly transferred with zero transaction fees, independent of any small checks!